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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: IRWIN JAMES FRANKEL who wrote (1784)	3/15/1998 11:02:00 AM
From: Jerry Olson	Respond to of 34808

Hello Irwin Actually I bought my options when ICN came up on my radar screen as a "Stock Split PLay"... It had nothing to do with FA...I'm trading options and no interest in buying and holding this stock.. My TA showed up as a potential "breakout" IF it could go thru current resistance of 59...It had tried before but kept bouncing off, until it blew thru the number.. When it finally broke thru, I bought Mar Calls for a trade in to next weeks stock split day of the 17th...I liked the chart and the sector and the conditions of the market...I was benign on the stock, never heard of it before a couple of weeks ago... I'm playing stocks with good earnings announcements that have split potential, AND, breaking out of their 52 week highs.. Good Trading, Jerry